Two years ago, President Obama announced the National Export Initiative (NEI) with the goal of doubling exports by 2014. The U.S. Embassy in Manila is committed to supporting U.S. companies to start exporting or growing their exports to the Philippines.
If you are considering exporting to the Philippines, below are a few steps you can take to learn more.
Investing in the Philippines
The Philippines growing middle class, strong domestic demand, stable political situation, sound macroeconomic policy and GDP growth makes it worth a closer look for U.S. companies seeking to invest overseas. However, the Philippines investment climate also presents challenges for firms looking to invest.
Potential Investors: Getting Started
If you are considering investing in the Philippines, below are a few steps you can take to learn more.
Current Investors: Staying Connected.
If you are a current U.S. investor in the Philippines, the U.S. Embassy wants to stay in touch. Here are a few steps you can take to keep the channels of communication open.
Working in and Traveling to the Philippines
For information on obtaining a visa to the Philippines, visit the Consular Section of the Philippine Embassy website or the Philippine Bureau of Immigration website.
Before you travel, check the current State Department travel advisories.
Foreign Corrupt Practices Act (FCPA)
The Foreign Corrupt Practices Act (FCPA) is an important anti-corruption tool designed to discourage corrupt business practices in favor of free and fair markets. The FCPA prohibits promising, offering, giving or authorizing giving anything of value to a foreign government official where the purpose is to obtain or retain business. These prohibitions apply to U.S. persons, both individuals and companies, and companies that are listed on U.S. exchanges. The statute also requires companies publicly traded in the United States to keep accurate books and records and implement appropriate internal controls.
Companies seeking to know whether a proposed course of conduct would violate the FCPA can take advantage of the opinion procedure(PDF 136KB). Within 30 days of receiving a description of the proposed course of conduct in writing, the Attorney General will provide the party with a written opinion on whether the proposed conduct would violate the FCPA.